Hannah joined Community Impact Newspaper as a reporter in May 2016 after graduating with a degree in journalism from Sam Houston State University in Huntsville, Texas. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Industry veteran Brad Jones is taking over as interim president and CEO of the ERCOT said in a release that Jones has over 30 years of experience in the energy sector and held positions with ERCOT from April 2013 to October 2015, including The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO for the organization that manages the Texas power grid. She is a former opinion editor on the editorial board and energy reporter for the business section. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. Why would a CEO in his 50s retire? Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. | Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. They were basically from the industry and had to determine at certain points: Do I do whats best for ERCOT or, you know, where Im getting a paycheck? Hancock, who represents portions of Tarrant and Dallas counties, said. In her role, Mrs. Hobbs oversees ERCOT relations with the Public Utility Commission of Texas (PUCT), enterprise risk management, strategic analysis, project and portfolio management, as well as ERCOT, Inc. business continuity planning. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. More than 400 Texans have filed 170 lawsuits against utility companies and ERCOT over the blackouts that killed hundreds of people over the course of a week. He earned both a BS in electrical engineering and an MBA from Texas A&M University. Senior Vice President, General Counsel and Corporate Secretary. Magness will continue to serve as CEO and work with state leaders and regulators on potential reforms while Ercots board conducts a search for a replacement, according to the notice to staff and contractors. LinkedIn has officially entered its cringe era, and its working. TPR was founded by and is supported by our community. Below the Waterlines: Houston After Hurricane Harvey, This story originally appeared on Texas Public Radio, A plan to overhaul the Texas grid has set up a showdown at the state Capitol, State regulators approve controversial Texas electricity market reform, State agency that oversees Texas power grid needs more money to do its job, Sunset Commission finds, Decembers freeze highlighted ongoing weaknesses of Texas power grid, even without widespread blackouts, Santa Fe High School shooter remains mentally incompetent to stand trial, further dragging on 5-year-old case, Santa Fe shooting survivor Trey Louis tugs at judges heartstrings on American Idol, Houston remains one of the most affordable big cities in the U.S., even if it no longer feels like it, Bun B announces part of RodeoHouston Southern Takeover lineup, DPS sent at least 3,000 drivers licenses to organized crime group targeting Asian Texans, As Texas STAAR test goes fully online, teachers feel defeated, Texas Education Agency projects confidence, No accountability: Kids in special education are routinely restrained. Jones comes on board at a time of intense scrutiny for the grid operator, following the February winter storm and power outages that affected the entire state. The Texas Legislature is considering bills to allow ERCOT to securitize the IOUs, and Jones acknowledged that could put the grid operator in the unusual position of issuing bonds. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. She has over 20 years of experience in the electric industry. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Second, he plans to improve communication. All of those members lived out of state, records show. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. Terms & Conditions. Mr. Taylor has a BBA from the University of Michigan. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. While with NiSource, he was also chairman on the board of directors for One Columbus and a board of trustees member for the American Gas Foundation. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. Its not surprising that on his first day on the job, Jones declined to offer a solution to the reliability issues that led to power outages in February. The unprecedented outages caused as much as $129 billion in economic losses. If Ercot cannot come up with financing to cover the underpayments, the debt could end up being shared by everyone in the Texas market, including consumers. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. From the impact of the growing electric vehicle market on the grid to the legislative actions taken after Winter Storm Uri, Jones said, ERCOT is preparing generators to provide enough power for a booming population amid weather challenges. Vice President, System Planning and Weatherization. read more. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. Prior to ERCOT, Mr. Vegas was Executive Vice President of NiSource, and Group President of NiSource Utilities, where he oversaw NiSources electric and gas business segments and championed outstanding service to NiSource customers. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Esto es lo que necesita saber para esta semana. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. ERCOT Verified account @ERCOT_ISO. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. You could change us.. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Subchapter M Default Balance Securitization, Subchapter N Uplift Balance Securitization, Proposed Brazos and ERCOT Bankruptcy Settlement, Independent Market Information System Registered Entity, Transmission/Distribution Service Providers, Access registration forms and other documents >, Market Coordination Team for Texas SET Version Releases, Texas Data Transport and MarkeTrak Systems Working Group, Texas Standard Electronic Transaction Working Group, Performance, Disturbance, Compliance Working Group, Planning Geomagnetic Disturbance Task Force, Protocol Interpretation Request Submission Process, Texas Standard Electronic Transaction Guides, Aggregate Distributed Energy Resource (ADER) Pilot Project, 30-Minute Emergency Response Service - Completed, Fast Responding Regulation Service - Completed, Weather-Sensitive Emergency Response Service - Completed, Other Binding Documents Revision Requests, Backcasted (Actual) Load Profiles - Historical, TDSP Distribution Loss Factors - Methodology, IDR Protocol Compliance Verification - Historical, Resource Integration & Ongoing Operations Resource Services. MacKenzie Sigalos. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Other, larger grids are not necessarily immune to issues, Capriglione added, pointing to Californias Pacific Gas & Electric, which has been blamed for more than 30 wildfires and faced a number of criminal charges. Mr. Vegas had profit and loss accountability for NiSources six gas and electric utility companies as well as responsibility for strategy, planning, operations, construction, engineering, regulatory, environmental services, and federal government affairs for NiSource. Were going to have all new board members, theyre going to meet a certain criteria, theyre going to be able to make tough decisions on the spur of the moment.. Jones should listen to a range of voices on improving reliability. Previously, Brad was a Director, Information Technol Read More He wasnt ready to say if he is leaning to one idea or another. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Magness is leaving as ERCOT faces a$2.5 billion shortfallin payments from retail power providers and others after electricity prices skyrocketed during the energy crisis. Chad V. Seely is Senior Vice President, General Counsel, and Corporate Secretary for ERCOT and has been serving as General Counsel since January 1, 2016. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Three weeks after the the state's power grid failed leaving millions of Texans without power amid freezing temperatures, the Public Utility Commission of Texas named Adrianne Brandt as the agency's new director of ERCOT accountability in a. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Senior Vice President and Chief Operations Officer. In this role, Mr. Woodfin leads Real-Time Operations, Operations Planning, Forecasting and Ancillary Services, Outage Coordination, and other engineering activities that support the reliable operation of the power system and promote efficient power markets. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. She was named Director of Enterprise Risk Management and Strategic Analysis in December 2013,where she focused on providing the leadership and management necessary to identify, evaluate, mitigate, and monitor the companys operational and strategic risk, leading ERCOTs strategic and business planning processes, and providing guidance for the ERCOT governance process, especially as it relates to Market Rules. It crippled oil and gas production, and dozens of people died. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. April 27 (Reuters) - The board of ERCOT said on Tuesday that Brad Jones has been elected to serve as interim president and chief executive officer for the Texas He is currently responsible for the strategic vision, planning, and leadership of the Finance, Human Resources, Enterprise Architecture, Market Rules and Stakeholder Support, Project Management, Strategic Planning, Enterprise Risk Management, Portfolio Management, and Business Continuity functions. In that role, he was responsible for managing CPS Energys activities at ERCOT and the Public Utility Commission of Texas (PUC) and developing strategic policy. First, he said, ERCOT needs stabilizing, the company itself and the market participants. See here for a complete list of exchanges and delays. But one thing the crisis does is it opens the opportunity for, I would hope, the legislature and the PUC and the Railroad Commission to understand that there is a serious issue here with gas supply, and now it needs to be solved.. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. Because Texas is independent, state leaders can also move with more speed to craft reforms and implement them without waiting for recommendations from the Federal Energy Regulatory Commission, Jones said. P.O. All quotes delayed a minimum of 15 minutes. 4:49 PM Mar 11, 2021 CST, Three weeks after the the state's power grid failed leaving millions of Texans without power amid freezing temperatures, the Public Utility Commission of Texas named Adrianne Brandt as the agency's new director of ERCOT accountability in a news release March 11. Elizabeth is an editor on the breaking news desk. April 27 (Reuters) - Brad Jones has been elected interim president and chief executive officer of the Texas grid operator ERCOT, its board said on Tuesday, filling the He has lived in Austin since 2002 and is happily married with two daughters. Prior to CI, Hannah served as associate editor of The Houstonian, interned with Community Impact Newspaper and spent time writing for the Sam Houston State University College of Fine Arts and Mass Communication and The Huntsville Item. Mrs. Hobbs graduated from Texas A&M University in 1998 with a BS in agribusiness and earned an MSc in agricultural economics from Texas A&M University in 2000. Got an opinion about this issue? He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. He didnt immediately respond to a LinkedIn message. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. Senior Vice President and Chief Administrative Officer, Chief of Staff. Mr. Seely has been with ERCOT since May 2005. And that should give Texans hope that they wont have to spend the summer digging survival bunkers and stocking up on batteries and trail mix. We're in the process of transitioning services for our Today in Houston newsletter. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. Electricity transmission and distribution providers also need to have plans in place for turning off power intermittently during emergencies so customers can be safer and are not without power for many hours, Jones said. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. All Rights Reserved. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Jones will serve beginning May 4. He also previously served as the Vice President for Grid Control at Omnetric Group, which was formed as a joint venture between Siemens and Accenture to drive IT/OT convergence in the power industry. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. ERCOT and the Public Utility Commission of Texas, the regulator which oversees the grid operator, raised power prices to about 400 times the normal rate over five days. 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